Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) Short Interest Update

Direxion Daily AI and Big Data Bull 2X Shares (NYSEARCA:AIBU) saw a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 6,814 shares, a decline of 31.9% from the January 15th total of 10,011 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 16,270 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 16,270 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Trading of Direxion Daily AI and Big Data Bull 2X Shares

A number of hedge funds have recently modified their holdings of AIBU. Simplex Trading LLC grew its holdings in Direxion Daily AI and Big Data Bull 2X Shares by 289.5% during the second quarter. Simplex Trading LLC now owns 2,481 shares of the company’s stock valued at $104,000 after purchasing an additional 1,844 shares during the period. Susquehanna International Group LLP acquired a new stake in Direxion Daily AI and Big Data Bull 2X Shares in the third quarter worth $440,000. IFP Advisors Inc bought a new position in shares of Direxion Daily AI and Big Data Bull 2X Shares during the fourth quarter worth $25,000. Finally, Traynor Capital Management Inc. grew its holdings in shares of Direxion Daily AI and Big Data Bull 2X Shares by 93.4% in the 4th quarter. Traynor Capital Management Inc. now owns 14,493 shares of the company’s stock valued at $716,000 after buying an additional 7,000 shares during the period.

Direxion Daily AI and Big Data Bull 2X Shares Stock Up 0.3%

Shares of Direxion Daily AI and Big Data Bull 2X Shares stock opened at $41.36 on Monday. Direxion Daily AI and Big Data Bull 2X Shares has a 12 month low of $18.66 and a 12 month high of $65.41. The business has a fifty day simple moving average of $49.18 and a 200 day simple moving average of $51.52. The stock has a market cap of $26.88 million, a PE ratio of 35.29 and a beta of 3.38.

Direxion Daily AI and Big Data Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a dividend of $1.0621 per share. This represents a $4.25 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Wednesday, December 10th.

About Direxion Daily AI and Big Data Bull 2X Shares

The Direxion Daily AI and Big Data Bull 2X Shares (AIBU) is an exchange-traded fund that is based on the Solactive US AI & Big Data index. The fund tracks 2x the daily price movements of a concentrated index of US companies involved in artificial intelligence (AI) applications and big data. Stocks are weighted based on their relevance to the business fields. AIBU was launched on May 15, 2024 and is issued by Direxion.